10 most valuable home improvements
Midrange bathroom remodeling
A midrange remodeling adds new vanities and countertops, mirrors, medicine chest and maybe pulling the toilet and doing a new tub surround. It costs $16,128 and adds $11,688 in value, 72.5% of the cost.
Once again, this project — like all of the projects on our list — includes average costs.
Averaging can skew the typical cost. For example, three people remodeled their kitchens at a cost of $10,000, $15,000 and $100,000. The median price would be $15,000, because half of the projects cost more and half cost less. But the average price would be $41,666.
Prices include professional labor, which is about 30% of the cost. There are also substantial regional variations in home values, materials and labor costs.
We suspect do-it-yourselfers are capable of doing much of a bathroom update themselves, saving thousands of dollars while still adding a few luxuries found in higher-end bathrooms.
Before you begin your bathroom remodel, check out our 8 premium bathroom upgrades.
Source: Remodeling 2014 Cost vs. Value Report (www.costvalue.com).